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is going to happen to the exchange rate of the ruble over the next
Assessment two years? The exchange rate… [‘it is likely to hold
402
17.09.2024
the perception of macroeconomic trends, such as estimates of past inflation, ruble exchange rate movements and deposit rates, becomes more accurate. The relationship with retirement
Exchange Rate of US Dollar Against Ruble*.......................................................................................................... 68
3.2.2. Official Exchange Rate of Euro Against Ruble*.................................................................................................................. 70
3.2.3. Official Exchange Rate:
welfare channel), and the ruble exchange rate (the foreign exchange channel).1
Through any of these channels, higher market rates constrain demand and inflation, while
405
13.09.2024
is about the exchange rate. While previously the impact of the Bank of Russia’s key rate decisions on the ruble exchange rate was noticeable,
the exchange rate on price rises remains neutral. The median of price
growth in goods and services highly sensitive to the ruble exchange rate has
407
06.09.2024
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VKontakte Telegram
As of the end of the month, the ruble exchange rate returned to the levels of early June 2024. By the end
408
06.09.2024
exchange rate for the funds credited to the account before 9 September 2022. Funds credited after 9 September 2022, should be withdrawn at the exchange
exchange rate set by
the Bank of Russia increased by 27.5%, the EUR/RUB exchange rate – by 31.1%, the CNY/RUB exchange
rate
beginning of this year.
** SAAR – seasonally adjusted annualised rate.
Sources: InFOM, Bank of Russia, Interfax, Moscow Exchange.
Inflation Expectations and Consumer Sentiment
3 No. 8